Liberty Cove Apartments
801 N 59th Ave
Phoenix, Maricopa County, Arizona 85043

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Funding Programs

Liberty Cove Apartments was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 2002. The property was placed in service in 2004. 106 of 264 units at Liberty Cove Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

Liberty Cove Apartments is an affordable apartment community located in Phoenix, Arizona which is located in Maricopa County. The property is located in Arizona's 6th Congressional District served by Representative David Schweikert (R), Senator John McCain (R) and Senator Jeff Flake (R).

Liberty Cove Apartments is an apartment community containing 264 rental units. This property serves all family types. The property contains 616 bedrooms and based on typical apartment occupancy limits, Liberty Cove Apartments is home to not more than 1232 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Liberty Cove Apartments contains a mix of 264 assisted two and three bedroom apartments for rent. There are 176 Two Bedroom and 88 Three Bedroom apartments in this property. The unit mix is 67% Two Bedroom and 33% Three Bedroom apartment rentals. The average bedroom size for Liberty Cove Apartments is 2.33.

Arizona's 6th

Congressional District

264

Total Units

106

Tax Credit Units

Two and Three

Unit Mix

2.33

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data